Elf Beauty price target raised to $140 from $130 at Raymond James

Raymond James raised the firm’s price target on Elf Beauty (ELF) to $140 from $130 and keeps an Outperform rating on the shares. The firm expects a mixed earnings season across its Beauty, Personal Care, and Household Products coverage group for Q2, the analyst tells investors in a research note. Elf’s significant outperformance has pulled back in recent weeks as scanner has decelerated, but growth should reaccelerate as fall launches gain momentum, pricing is implemented, and Rhode closes, Raymond James says.